Business Continuity Voucher

New Business Continuity Voucher Goes Live through Local Enterprise Offices

Minister Humphreys introduces new measure as part of COVID-19 Business Supports Package

The new Business Continuity Voucher is now available through Local Enterprise Offices and is open to sole traders and companies across every business sector that employ up to 50 people, the Minister for Business, Enterprise and Innovation, Heather Humphreys T.D. has announced yesterday (March 25).

The voucher is worth up to €2,500 in third party consultancy costs and can be used by companies and sole traders to develop short-term and long-term strategies to respond to the Covid-19 pandemic. The goal is to help business owners make informed decisions about what immediate measures and remedial actions should be taken, to protect staff and sales.

Making the announcement, Minister Humphreys T.D. said: “I know this is still a very worrying time for all businesses. And as part of the package of supports that I announced earlier in the month, I am making a €2,500 voucher available through the Local Enterprise Offices from today to enable enterprises to avail of vital business continuity advice, to assist them with developing short-term and long -term strategies to deal with the COVID-19 outbreak. “

She added: “The voucher will give companies access to contingency planning advice that will help them continue trading through this crisis and to be ready for the recovery phase, when it comes. This voucher will also assist enterprises to prepare a business case for application to emergency financial interventions that are available through the Banks, the Strategic Banking Corporation of Ireland or through Microfinance Ireland”.  

The scheme is open to all types of businesses, across all industries and sectors that employ up to 50 people. To apply, companies or sole traders fill out a short application form and submit it directly to their Local Enterprise Office by e-mail. When a company is issued with a voucher for third party consultancy, they begin working directly with a qualified expert, selected from existing Local Enterprise Office and Enterprise Ireland panels.

Oisin Geoghegan, Chair of the network of Local Enterprise Offices, welcomed the launch of the new support, saying: “For a huge number of small businesses, survival is the over-riding objective at this time so making the right decisions is crucial. There is where the new Business Continuity Voucher can help. The kind of areas that the voucher will help will vary, depending on the needs of each business, but it will include very important measures such as preparing a business case for application to emergency funding, developing a business continuity plan, reducing variable costs, reviewing and exploring supply chain financing options, implementing remote working processes or procedures, and leveraging expertise in HR and ICT.”

To apply for the Business Continuity Voucher, companies submit a short application form to their Local Enterprise Office. Forms are available to download from www.LocalEnterprise.ie/Response

Details of other business supports available from the Department of Enterprise, Business and Innovation can be found at https://dbei.gov.ie/en/

 

 

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